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By Rachel Goldfarb, originally published on Next New Deal

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Materially Richer Today Than 50 Years Ago (The Kudlow Report)

Roosevelt Institute Fellow Mike Konczal discusses the War on Poverty on CNBC, where he focuses on some of its successes. Mike says that War on Poverty programs have drastically reduced poverty among children and the elderly, which should be celebrated.

A Dismal New Year for the Global Economy (The Guardian)

Roosevelt Institute Senior Fellow Joseph Stiglitz says that despite a few signs of economic improvement around the world, we should still be concerned about the ways that market economies across the globe are failing to create opportunity for most citizens.

Obama to Name 5 'Promise Zones' for Assistance (USA Today)

David Jackson reports on the creation of "Promise Zones," troubled neighborhoods that will receive targeted assistance to improve education, housing, and public safety. The plan involves working with government and businesses to attack poverty on a local level.

Connecticut Sick-Leave Law Has Little Impact on Employers: Study (WSJ)

Joseph de Avila looks at a study from the Center for Economic and Policy Research examining the effects of the CT law, which was the first paid-sick leave measure in the U.S. Preliminary findings show that only 10% of employers had payroll costs increase by 3% or more.

Rauner Wants to Roll Back Minimum Wage (NBC Chicago)

Mark W. Anderson writes that Bruce Rauner, the Republican candidate for Governor in Illinois, thinks that the state's $9.25 per hour minimum wage isn't "competitive." While many politicians are discussing raising minimum wages, he wants to return Illinois's to $7.25.

Investors Are Chastened. That’s A Good Thing. (ProPublica)

Jesse Eisinger says that the lack of enthusiasm for the stock market's record highs are a sign that the public has learned not to trust the stock market as a measure of the economy's success. Instead, it's a reminder that the recovery hasn't reached most Americans.

Warren, Coburn Push for Increased Transparency on Settlements (The Nation)

George Zornick reports on a new bill from Senators Warren and Coburn that would require federal agencies to provide full disclosures of how much corporations are actually paying in fines. Corporations write off large amounts in their taxes, and the Senators think the public should know how much.

Originally posted to Daily Kos Economics on Thu Jan 09, 2014 at 07:30 AM PST.

Also republished by Daily Kos.

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Comment Preferences

  •  Daily Show just did a contrast and compare on (2+ / 0-)
    Recommended by:
    Aunt Pat, happymisanthropy

    welfare for rich/poor. Excellent humor/truth.

    Conclusion: welfare for rich is not harmful because they are already inoculated to the negative effects of money.

    21st Century America: The distracted, superficial perception of a virtual reality. Gettov Milawn

    by geez53 on Thu Jan 09, 2014 at 08:15:20 PM PST

    •  No, welfare to the rich is good (1+ / 0-)
      Recommended by:

      because they're winners and giving money to winners is always a good idea.  But you should never give money to losers, because they'll always be losers so it's money wasted.

      Politics means controlling the balance of economic and institutional power. Everything else is naming post offices.

      by happymisanthropy on Thu Jan 09, 2014 at 08:25:01 PM PST

      [ Parent ]

      •  I get it. .... The Darwinian Dollar Dilemma. (1+ / 0-)
        Recommended by:

        Give dollars to rich, they thrive; poor go extinct. But then the rich experience mass die-off when they discover the Subzero is empty and there is no one in the drive-thru window.

        21st Century America: The distracted, superficial perception of a virtual reality. Gettov Milawn

        by geez53 on Thu Jan 09, 2014 at 08:51:48 PM PST

        [ Parent ]

  •  Concerning news stories from Canada (0+ / 0-)

    No climate change here:

    RCMP Staff Sergeant Pat McTiernan says normally the highways are quieter right after the holidays, but he believes erratic weather conditions have contributed to the spike in crashes.
    ...over the past couple of weeks, the region has seen snow, rain and rapid swings from freezing to thawing, and he believes many drivers aren't adjusting to the deep ruts and icy conditions on the roads.

    He says RCMP are also looking into why there's an increase in the number of crashes involving commercial vehicles.

    Nor hospital dumping, even in Canada:
    the senior was given a cab slip and sent home in his pyjamas and slippers.
    On the way to his door, Silver collapsed and died. He wasn’t found until the next day, when his caregiver arrived to find him frozen in the snow. Temperatures overnight on Dec. 31 reached -37 C without the wind chill.

    “[His caregiver] found him lying on the porch, frozen,” said Pollock. “He was taken to St. Boniface Hospital where he was pronounced dead. As you’d expect.”

    As you'd expect.

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